FibCFO
FibCFO, potentially another Fibonacci-based tool in Amibroker, might leverage Fibonacci ratios to forecast potential price reversals or continuations. Its integration with the Amibroker data feed ensures that accurate market data is utilized for precise calculations. Traders incorporate FibCFO to enhance their analysis, using Fibonacci principles to refine trading strategies.
///Right Click select pram "parameters" AND you will have pretty
//much any variable you need.....
_SECTION_BEGIN("FibCFO");
Line1=Param("Zero Line",0,-50,50,1);
Line2=Param("pos line",21,-50,50,1);
Line3=Param("neg line",-21,-50,50,1);
pds1=Param("CMO3",3,2,10,1);
CMOa=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) )
,0 ) ,pds1 ) ;
CMOb=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C )
,0 ) ,pds1 );
CMO=100 * (( CMOa-CMOb) / ( CMOa+CMOb));
pds2=Param("CMO5",5,2,15,1);
CMOc=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) )
,0 ) ,pds2 ) ;
CMOd=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C )
,0 ) ,pds2 );
CMO1=100 * (( CMOc-CMOd) / ( CMOc+CMOd));
pds3=Param("CMO8",8,5,20,1);
CMOe=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) )
,0 ) ,pds3 ) ;
CMOf=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C )
,0 ) ,pds3 );
CMO2=100 * (( CMOe-CMOf) / ( CMOe+CMOf));
FIBCMO=(CMO+CMO1+CMO2)/3;
Plot(FIBCMO, "FIB CMO", ParamColor( "FIB CMO Color",
colorRed ) );
Plot(Line1,"0", ParamColor( "0 Line Color", colorBlack
),styleDots );
Plot(Line2,"+21", ParamColor( "+21 Line Color",
colorBlack ),styleThick );
Plot(Line3,"-21", ParamColor( "-21 Line Color",
colorBlack ),styleThick );